Hindustan Unilever Shares Surge 6% Amid Positive Market Sentiment
Hindustan Unilever rallies 6% in 2 days; what's driving FMCG stock?
Business Standard
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Hindustan Unilever (HUL) shares rose 6% over two days, reaching ₹2,380 amid a weak market. The increase follows strong quarterly results from Nestle and HUL's price hikes in response to rising production costs. Analysts see potential for continued growth despite short-term challenges.
- 01HUL shares gained 6% in two days, reaching ₹2,380.
- 02The stock rebounded 18% from its 52-week low of ₹2,023.05.
- 03HUL raised soap prices by 5-10% due to rising production costs.
- 04Analysts expect HUL to navigate inflationary pressures effectively.
- 05ICICI Securities maintains a 'BUY' rating with a target price of ₹2,800.
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Shares of Hindustan Unilever (HUL) rose by 6% over the past two trading days, reaching ₹2,380 on the Bombay Stock Exchange (BSE) despite a 0.73% decline in the BSE Sensex. This surge follows a strong performance by Nestle for the March 2026 quarter, which reported over 20% sequential revenue growth. HUL has also increased prices for its soap brands by 5-10% in response to significant rises in production costs, particularly for packaging materials and palm oil. The stock has rebounded 18% from its 52-week low of ₹2,023.05 recorded on April 2, 2026, and is trading at 44x FY27 estimated earnings per share (EPS). Analysts at ICICI Securities believe HUL is well-positioned to manage inflationary pressures, which tend to benefit larger companies by enhancing their pricing power. They reiterated a 'BUY' rating on HUL with a target price of ₹2,800 per share.
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HUL's price hikes may lead to increased costs for consumers, but the company aims to maintain margins and market share.
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